What's Next? We started writing about Seattle Real Estate - Seattle Houses back in 2003, real estate websites in 06, Global warming too. We built our blogging Platform in 07, and business blogs to building SEO tools. We keep this blog going to test things for eSuccess via Search Marketing and SEO, finally we published our book and it's titled "Marketing is a CONTACT sport" by V.K. Singh and MyTypes, Inc.
And so is the threat of a housing Bubble. That is what I heard on CNN tonight. I also heard that there was an article saying that the Seattle real estate market is still Booming. I don't know the facts, but I will research and write about it in my Blog this weekend!
Sent from my BlackBerry wireless handheld.
posted by myTypes at 10:36 PM
0 comments
Well, I guess in response I believe it to be important for all consumers who
have debt to understand that the fed has made a recent history (16
consecutive increases to prime rate) of raising rates. If you are a
consumer who sees an almost 40% chance that that their minimum payment on
revolving debt, Home Equity Lines of Credit, or other debt tied to prime
rate will continue to increase then it is important to search for
alternative methods for fixing the payments and possibly saving money. If
you are a consumer who is comfortable with a 38% chance of pmts increasing
and in turn reducing the amount of expendable monthly cash flow then this
message won't mean anything to you.
I'd love to see your blog entries...is there a link on urbantango.com?
Thanks,
David Savio
First Rate Financial LLC
425-289-4609
-----Original Message-----
From: vipin@urbantango.com [mailto:vipin@urbantango.com]
Sent: Thursday, May 18, 2006 12:10 PM
To: daves@gofirstrate.com
Cc: Seattle houses
Subject: Re: Special News Alert About The May 10th Federal Reserve Meeting!
Just curious Dave, how does a 38% chance translate in to a percentage of
confidence? I would infer based on that data, and what you wrote that, 62%
chance that they are done raising rates. I copied my Seattle Houses Blog on
this email, as I think it is important to get the truth out. If you have
time please read my blog's past posts, and add comments if you have valuable
information for consumers.
Vipin Singh
206.579.6433
Sent from my BlackBerry wireless handheld.
-----Original Message-----
From: "David Savio" <daves@gofirstrate.com>
Date: Thu, 18 May 2006 10:45:34
To:"David Savio" <daves@gofirstrate.com>
Subject: Special News Alert About The May 10th Federal Reserve Meeting!
<http://www.allaboutnews.com/web/images/web/021262_LFU_Header.jpg>
David Savio
Senior Mortgage Consultant
First Rate Financial LLC
Phone: (425) 289-4609
Fax: (425) 869-3810
daves: <mailto:daves@gofirstrate.com> @gofirstrate.com
www.gofirstrate.com: <http://www.gofirstrate.com>
<http://www.allaboutnews.com/members/web/28140_logo.jpg>
Special News Alert About The May 10th Federal Reserve Meeting!
Policy makers at the Federal Reserve, including Chairman Ben Bernanke,
elected to increase interest rates for the sixteenth straight meeting of the
Federal Open Market Committee.
This brings the Prime Interest Rate, which banks and lending institutions
use as a benchmark for setting many interest rates, up to 8.00%.
According to Bloomberg.com, current interest-rate futures indicate a 38%
chance that the Fed is not done yet and will increase rates again in June.
This means interest rates and many monthly payments are going to increase!
Many Adjustable Rate Mortgages, which are better known as ARMs, are tied to
indexes that are very sensitive to short term interest rate hikes. These
mortgages could have interest rates that now exceed 7.50% and could adjust
to even higher rates later this year.
Home Equity Lines of Credit now carry interest rates that may exceed 10.00%.
Credit card interest rates, which are often tied to the Prime Rate, are at
recent historic highs.
Interest Rates for Fixed Rate Mortgages are still very attractive!
However, pressure is continuing to build. The Federal Reserve intends to
increase long term rates, which include fixed mortgage interest rates. Many
experts like Bill Dallas, Chairman and CEO of Ownit Mortgage, project that
30-Year Fixed Interest Rates will climb, on average, to 7.00% before year
end.
If you're considering purchasing a home or investment property, this is the
time to do so. Waiting will only lead to higher monthly payments for the
same piece of real estate.
Now is also an excellent time to refinance your mortgage! Consolidate higher
interest rate loans and lines of credit into an affordable fixed rate loan,
complete with lower monthly mortgage payments.
Call me today and I will prepare a FREE Analysis to see if a new mortgage
program could benefit you.
<http://www.allaboutnews.com/web/images/web/ehlogo.gif>
You are receiving this email as a result of your ongoing business
relationship with First Rate Financial LLC. While beneficial to a wide
audience, this information is also commercial in nature and it may contain
advertising materials.
UNSUBSCRIBE. In the unlikely event you decide that you would not like to
receive this information, please reply to this email with "Remove" in the
subject line.
First Rate Financial LLC
13112 NE 20th ST STE 400
Bellevue, WA 98005
© Copyright 2006. All About News, Inc.
posted by myTypes at 1:09 PM
0 comments
Just curious Dave, how does a 38% chance translate in to a percentage of confidence? I would infer based on that data, and what you wrote that, 62% chance that they are done raising rates. I copied my Seattle Houses Blog on this email, as I think it is important to get the truth out. If you have time please read my blog's past posts, and add comments if you have valuable information for consumers.
Vipin Singh
206.579.6433
Sent from my BlackBerry wireless handheld.
-----Original Message-----
From: "David Savio" <daves@gofirstrate.com>
Date: Thu, 18 May 2006 10:45:34
To:"David Savio" <daves@gofirstrate.com>
Subject: Special News Alert About The May 10th Federal Reserve Meeting!
<http://www.allaboutnews.com/web/images/web/021262_LFU_Header.jpg>
David Savio
Senior Mortgage Consultant
First Rate Financial LLC
Phone: (425) 289-4609
Fax: (425) 869-3810
daves: <mailto:daves@gofirstrate.com> @gofirstrate.com
www.gofirstrate.com: <http://www.gofirstrate.com>
<http://www.allaboutnews.com/members/web/28140_logo.jpg>
Special News Alert About The May 10th Federal Reserve Meeting!
Policy makers at the Federal Reserve, including Chairman Ben Bernanke, elected to increase interest rates for the sixteenth straight meeting of the Federal Open Market Committee.
This brings the Prime Interest Rate, which banks and lending institutions use as a benchmark for setting many interest rates, up to 8.00%.
According to Bloomberg.com, current interest-rate futures indicate a 38% chance that the Fed is not done yet and will increase rates again in June.
This means interest rates and many monthly payments are going to increase!
Many Adjustable Rate Mortgages, which are better known as ARMs, are tied to indexes that are very sensitive to short term interest rate hikes. These mortgages could have interest rates that now exceed 7.50% and could adjust to even higher rates later this year.
Home Equity Lines of Credit now carry interest rates that may exceed 10.00%. Credit card interest rates, which are often tied to the Prime Rate, are at recent historic highs.
Interest Rates for Fixed Rate Mortgages are still very attractive!
However, pressure is continuing to build. The Federal Reserve intends to increase long term rates, which include fixed mortgage interest rates. Many experts like Bill Dallas, Chairman and CEO of Ownit Mortgage, project that 30-Year Fixed Interest Rates will climb, on average, to 7.00% before year end.
If you're considering purchasing a home or investment property, this is the time to do so. Waiting will only lead to higher monthly payments for the same piece of real estate.
Now is also an excellent time to refinance your mortgage! Consolidate higher interest rate loans and lines of credit into an affordable fixed rate loan, complete with lower monthly mortgage payments.
Call me today and I will prepare a FREE Analysis to see if a new mortgage program could benefit you.
<http://www.allaboutnews.com/web/images/web/ehlogo.gif>
You are receiving this email as a result of your ongoing business relationship with First Rate Financial LLC. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials.
UNSUBSCRIBE. In the unlikely event you decide that you would not like to receive this information, please reply to this email with "Remove" in the subject line.
First Rate Financial LLC
13112 NE 20th ST STE 400
Bellevue, WA 98005
© Copyright 2006. All About News, Inc.
posted by myTypes at 12:14 PM
0 comments
I loose respect for people who don't read, who don't back up their thoughts, or are too bull headed enough to not listen. I have been wrong before, and will be wrong again. I am surprised, and wrong on the fact that the market has not slowed down more, I have been predicting a Seattle Real Estate market slow down for about 9 months. This blog has been written for 2 years plus, but the posts prior to February were erased by Google. Any way, I have the posts saved to prove, even the recent posts, I have been sounding like a broken record. The Seattle Real Estate market should slow down, but that is good for the market.
I have been writing for months about the market slowing in Seattle real estate. I also have been surprised, for 2 1/2 years now, that the real estate market bubble has had little to no signs of blowing. My research has shown that the real estate market in Seattle and other areas are based on Job growth. Our unemployment rate in the US is aproximately 4.7%, our wage increases are starting to show up in the recent data. First comes the job growth, than the wage increases.
Sent from my BlackBerry wireless handheld.
-----Original Message-----
From: "AAA Properties" <kennedy@aaaproperties.net>
Date: Thu, 18 May 2006 00:04:17
To:<vipin@urbantango.com>
Subject: RE: New comment on It's no surprise but a boost in rates won't hurt Seattle real estate
Everyone has their own opinion, but the data shows the market has already
started to slow. You are not alone - many "experts" have their heads stuck
in the sand and/or refuse to admit what is already starting to happen. It
doesn't take an expert. Just compare the number of "For Sale" signs and
open houses compared to this time last year.
That's incredible that everyone you know is employed and in positions that
are more than survival (slave?) wages. That's much different than I see
every day.
BTW - History has shown that real estate cycles in the Pacific NW have been
similar, but behind those of southern California. There was a boom down
there up until recently where there are many signs that the bubble is about
to burst. My prediction is that it will happen here too.
Please make sure to write me back in a year or two and we can compare notes
on how the real estate market has performed ...
Joe
-----Original Message-----
From: vipin@urbantango.com [mailto:vipin@urbantango.com]
Sent: Wednesday, May 17, 2006 10:50 PM
To: Joe Kennedy; Seattle houses
Subject: Re: New comment on It's no surprise but a boost in rates won't hurt
Seattle real estate
Yes, I do it through Blogger and my email address via blogger. Thanks for
your comments.
On the economic impact of layoffs, and people under employed. I don't know
any such people, really I am serious. I maybe be dissillusioned, but I
think the US economy is based entrepreneurship, job growth, and innovation.
Seattle and the West Cloast will continue to prosper, that is tell the ocean
has it's day:-).
Sent from my BlackBerry wireless handheld.
-----Original Message-----
From: Joe Kennedy <Kennedy@EastsideBusiness.com>
Date: Wed, 17 May 2006 22:25:10
To:vipin@mytypes.com
Subject: New comment on It's no surprise but a boost in rates won't hurt
Seattle real estate
Joe Kennedy: <http://www.blogger.com/profile/14890764> has left a new
comment on your post "It's no surprise but a boost in rates won't hurt
Seattle real estate:
<http://seattlehouses.blogspot.com/2006/05/its-no-surprise-but-boost-in-rate
s.html> ":
PS - do you really post by typing into your blackberry?
Publish:
<http://www.blogger.com/email-mod-comment.do?blogID=23621426&postID=1147
92991086626280&publish=true> this comment.
Reject:
<http://www.blogger.com/email-mod-comment.do?blogID=23621426&postID=1147
92991086626280&reject=true> this comment.
Moderate: <http://www.blogger.com/moderate-comment.g?blogID=23621426>
comments for this blog.
Posted by Joe Kennedy to Seattle Real Estate News Blog:
<http://seattlehouses.blogspot.com/> at 5/17/2006 10:25:10 PM
posted by myTypes at 8:42 AM
0 comments
Yes, I do it through Blogger and my email address via blogger. Thanks for your comments.
On the economic impact of layoffs, and people under employed. I don't know any such people, really I am serious. I maybe be dissillusioned, but I think the US economy is based entrepreneurship, job growth, and innovation. Seattle and the West Cloast will continue to prosper, that is tell the ocean has it's day:-).
Sent from my BlackBerry wireless handheld.
-----Original Message-----
From: Joe Kennedy <Kennedy@EastsideBusiness.com>
Date: Wed, 17 May 2006 22:25:10
To:vipin@mytypes.com
Subject: New comment on It's no surprise but a boost in rates won't hurt Seattle real estate
Joe Kennedy: <http://www.blogger.com/profile/14890764> has left a new comment on your post "It's no surprise but a boost in rates won't hurt Seattle real estate: <http://seattlehouses.blogspot.com/2006/05/its-no-surprise-but-boost-in-rates.html> ":
PS - do you really post by typing into your blackberry?
Publish: <http://www.blogger.com/email-mod-comment.do?blogID=23621426&postID=114792991086626280&publish=true> this comment.
Reject: <http://www.blogger.com/email-mod-comment.do?blogID=23621426&postID=114792991086626280&reject=true> this comment.
Moderate: <http://www.blogger.com/moderate-comment.g?blogID=23621426> comments for this blog.
Posted by Joe Kennedy to Seattle Real Estate News Blog: <http://seattlehouses.blogspot.com/> at 5/17/2006 10:25:10 PM
posted by myTypes at 11:54 PM
1 comments
